Rainbow Retail Center 1113-1139 S

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Rainbow Retail Center 1113-1139 S FOR SALE RAINBOW RETAIL CENTER 1113-1139 S. RAINBOW BOULEVARD, LAS VEGAS, NV 89146 Capital Markets | Investment Properties www.cbre.us/lasvegas AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT CBRE, Inc. operates within a global family of companies with many purchase of the Property. The information contained in this Memorandum has subsidiaries and related entities (each an “Affiliate”) engaging in a broad been obtained from sources believed to be reliable, but has not been verified range of commercial real estate businesses including, but not limited to, for accuracy, completeness, or fitness for any particular purpose. All brokerage services, property and facilities management, valuation, investment information is presented “as is” without representation or warranty of any fund management and development. At times different Affiliates, including kind. Such information includes estimates based on forward-looking CBRE Global Investors, Inc. or Trammell Crow Company, may have or assumptions relating to the general economy, market conditions, competition represent clients who have competing interests in the same transaction. For and other factors which are subject to uncertainty and may not represent the example, Affiliates or their clients may have or express an interest in the current or future performance of the Property. All references to acreages, property described in this Memorandum (the “Property”), and may be the square footages, and other measurements are approximations. This successful bidder for the Property. Your receipt of this Memorandum Memorandum describes certain documents, including leases and other constitutes your acknowledgement of that possibility and your agreement that materials, in summary form. These summaries may not be complete nor neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such accurate descriptions of the full agreements referenced. Additional Affiliates’ interest or involvement in the sale or purchase of the roperty.P In all information and an opportunity to inspect the Property may be made instances, however, CBRE, Inc. and its Affiliates will act in the best interest of available to qualified prospective purchasers. You are advised to their respective client(s), at arms’ length, not in concert, or in a manner independently verify the accuracy and completeness of all summaries and detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their information contained herein, to consult with independent legal and financial respective businesses in a manner consistent with the law and all fiduciary advisors, and carefully investigate the economics of this transaction and duties owed to their respective client(s). Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK. Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in The Owner expressly reserves the right, at its sole discretion, to reject any or determining whether you desire to express further interest in the acquisition of all expressions of interest or offers to purchase the Property, and/or to the Property, (ii) you will hold it in the strictest confidence, (iii) you will not terminate discussions at any time with or without notice to you. All offers, disclose it or its contents to any third parties without the prior written counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) nor the Owner shall have any legal commitment or obligation except as set you will not use any part of this Memorandum in any manner detrimental to forth in a fully executed, definitive purchase and sale agreement delivered by the Owner or CBRE, Inc. the Owner. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc. This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a © 2020 CBRE, Inc. All Rights Reserved RAINBOW RETAIL CENTER CONTACT US Michael K. Hsu Roy Fritz, CCIM First Vice President First Vice President +1 702 369 4866 +1 702 369 4853 [email protected] [email protected] Lic. S.0051609 Lic. S.0169670 Dylan Heroy Associate +1 702 369 4836 [email protected] Lic. S.0185856 TABLE OF CONTENTS 04 Investment Overview 05 Market Overview 06 Financial Overview 09 Las Vegas Valley Overview © 2020 CBRE, Inc. All Rights Reserved INVESTMENT HIGHLIGHTS THE OFFERING Offering qualified investors the opportunity to acquire Rainbow Retail Center which is a ±14,250 square foot, retail strip center, located at 1113-1139 S. Rainbow Boulevard, Las Vegas, NV 89146. The property is situated near the signalized intersection of Rainbow Boulevard and Charleston Boulevard. INVESTMENT HIGHLIGHTS + Short term leases with below market rents providing upside potential + Located in a major retail corridor with great visibility along Rainbow Boulevard + Irreplaceable location near the intersection of Rainbow Boulevard and Charleston Boulevard + ± 2,400 SF (Potentail expansion into suite 1131/1133 for up to 4,200 SF) + Value-add retail investment + New owner may sell the existing cell tower lease income to lower their overall investment basis SUMMARY Asking Price: $2,950,000 Rentable Square Feet: ±14,250 SF Year 1 NOI: $204,456 Price Per SF: $207 Year 1 Cap Rate: ± 6.9% Total Land Area: ±1.36 Acres Year Built: 1986 Occupancy: ± 83% RAINBOW RETAIL CENTER PROPERTY SUMMARY Property Location: Rainbow Retail Center is located along Rainbow Boulevard which is one of the busiest thoroughfares in Las Vegas with nearly 100,000 cars that travel by the property each day. The property offers multiple ingress/egress options to both Charleston Boulevard and Rainbow Boulevard, providing customers the convenience of access. As of 2020, approximately 189,633 residents are located within a five (5) mile radius of the property providing access to numerous customers for the tenants at the property. Property Description: Built in 1986, Rainbow Retail Center is single-story, retail strip center, totaling ±14,250 square feet surrounded by landscaping and numerous parking spaces. The property includes a pylon sign that is visable to the traffic along Rainbow Blvd in both directions. Assessor Parcel Number: 163-03-501-013 Building Size: ±14,250 SF Site Size: ±1.36 Acres Construction Year: 1986 Zoning: Limited Commercial District (C-1) Traffic Counts: On S. Rainbow Boulevard, S. of W. Charleston Boulevard - ±61,000 CPD On W. Charleston Boulevard, W. of S. Rainbow Boulevard - ±37,389 CPD 5 SITE PLAN CELL TOWER W.C 1139 1137 1135 1133 1129 1125 1123 1113 1131 harleston Blvd harleston TAVERN SIN . ± 62,000 62,000 CPD PYLON SIN S. Rainbow ± 37,389 CPD S. RAINBOW BLVD | ±61,000 CPD 93 CENTENNIAL BUILDING # TENANT SQUARE FOOTAGE NORTH LAS VEGAS 95 SITE 15 1113 The Tavern ±4,400 SF North Las Vegas Airport SUNRISE 1123 Barber Shop ±900 SF SUMMERLIN 1125 Vape Life ±1,200 SF PECCOLE RANCH LAS VEGAS THE LAKES 15 Las Vegas Strip WHITNEY 1129 AVAILABLE ±2,400 SF PARADISE SPRING VALLEY 515 1131/1133 Pentecostal Missionary Church ±1,800 SF McCarran Int’l Airport 1135 The Wig Nook ±950 SF 215 SOUTHWEST 1137 Bladed Art Pigmintation Studio ±950 SF GREEN VALLEY HENDERSON ANTHEM 15 1139 Dance Studio ±1,650 SF RAINBOW RETAIL CENTER PROPERTY PHOTOS 7 SURROUNDING AERIAL MAP RAINBOW RETAIL CENTER LAS VEGAS VALLEY LOCATION MAP 9 Layout ID:P04 MapId:7728453 © 2020 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. AREA DEMOGRAPHICS - 3 MILE RADIUS KEY FACTS INCOME 191,659 Population 2.7 $68,411 Average 2020 Average $48,398 $25,283 $325,463 2020 Median 2020 Per Capita 2020 Average Net Household Size Household Income Household Income Income Worth 37.7 $200,000 and Over Median Age $150,000-$199,999 70,685 $41,957 $100,000-$149,999 Households Median Disposable Income $75,000-$99,999 EDUCATION $50,000-$74,999 $35,000-$49,999 10% $25,000-$34,999 $15,000-$24,999 No High Under $15,000 School 25% Diploma Some College 26% 20% 0 5,000 10,000 15,000 High School Bachelor’s/Grad/ Graduate Prof Degree RAINBOW RETAIL CENTER AREA DEMOGRAPHICS - 5 MILE RADIUS KEY FACTS INCOME 488,903 Population 2.56 $74,383 Average 2020 Average $51,176 $28,915 $419,091 2020 Median 2020 Per Capita 2020 Average Net Household Size Household Income Household Income Income Worth 39.3 $200,000 and Over Median Age $150,000-$199,999 189,633 $44,058 $100,000-$149,999 Households Median Disposable Income $75,000-$99,999 EDUCATION $50,000-$74,999 $35,000-$49,999 9% $25,000-$34,999 $15,000-$24,999 No High School 25% Under $15,000 Diploma 25% Some College 24% High School Bachelor’s/Grad/ 0 10,000 20,000 30,000 Graduate Prof Degree 11 RENT ROLL 1113-1139 S.
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